{"id":371,"date":"2017-11-08T10:35:17","date_gmt":"2017-11-08T04:35:17","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/theo-needs-40000-as-a-down-payment-for-a-house-6-years-from-today\/"},"modified":"2017-11-08T10:35:17","modified_gmt":"2017-11-08T04:35:17","slug":"theo-needs-40000-as-a-down-payment-for-a-house-6-years-from-today","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/theo-needs-40000-as-a-down-payment-for-a-house-6-years-from-today\/","title":{"rendered":"Theo needs $40,000 as a down payment for a house 6 years from &#8230; today?"},"content":{"rendered":"<p>Theo needs $40,000 as a down payment for a house 6 years from now. He earns 3.5 percent on his savings. Theo can either deposit one lump sum today for this purpose or he can wait a year and deposit a lump sum. How much additional money must he deposit if he waits for one year rather than making the deposit today?<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[70],"subject":[7],"class_list":["post-371","mcq","type-mcq","status-publish","hentry","topic-the-time-value-of-money","subject-corporate-finance"],"mcq_note":"Theo needs $40,000 as a down payment for a house 6 years from now. He earns 3.5 percent on his savings. Theo can either deposit one lump sum today for this purpose or he can wait a year and deposit a lump sum. How much additional money must he deposit if he waits for one year rather than making the deposit today?Answer:$1,138.90.","mcq_options":[{"right":"no","answer":"$878.98"},{"right":"no","answer":"$911.13"},{"right":"yes","answer":"$1,138.90"},{"right":"no","answer":"$1,348.03"}],"multi_answers":"no","subject_terms":[{"id":7,"title":"Corporate Finance","slug":"corporate-finance"}],"topic_terms":[{"id":70,"title":"The Time Value of Money","slug":"the-time-value-of-money"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=371"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=371"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=371"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}